The table shows employment statistics for a fictional country. Use the information to answer the questions. Round your percentages to two decimal places. Category Number of people Employed 5805 Unemployed 482 Not in the labor force 591 What is the total labor force?     What is the labor force participation rate?   %% What is the unemployment rate?   %% Suppose 266266 of the 482482 unemployed people have been unemployed for so long that they stop looking for work.   What is the new labor force?     What is the new labor force participation rate?   %% What is the new unemployment rate?   %

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A: Unemployment refers to a situation in which individuals who are willing and able to work and…

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Q: None

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A: Labor force (LF) = Full time employed + Part time employed + Unemployed = 9 + 1.5 + 1 = 11.5 million

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A: Unemployment rate = Number of unemployed workerLabor force×100where Labor force = Employed person +…

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Q: Suppose that the unemployment rate is 5%, the total working age population is 200 million, and the…

A: Unemployment rate = number of unemployed *100 / labor force  5 = 7.5*100/labor force  Labor force =…

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Q: The table shows employment statistics for a fictional country. Use the information to answer the…

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